Insider Selling: Starbucks (NASDAQ:SBUX) CEO Sells 1,641 Shares of Stock

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 1,641 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $90.00, for a total value of $147,690.00. Following the transaction, the chief executive officer owned 84,376 shares in the company, valued at $7,593,840. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brady Brewer also recently made the following trade(s):

• On Monday, March 9th, Brady Brewer sold 588 shares of Starbucks stock. The stock was sold at an average price of $100.00, for a total value of $58,800.00.
• On Thursday, March 5th, Brady Brewer sold 1,641 shares of Starbucks stock. The shares were sold at an average price of $97.12, for a total transaction of $159,373.92.

Starbucks Stock Performance

Shares of SBUX traded up $2.00 during midday trading on Wednesday, hitting $97.21. 8,228,772 shares of the stock traded hands, compared to its average volume of 9,248,764. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $104.82. The firm has a market capitalization of $110.75 billion, a PE ratio of 80.34, a price-to-earnings-growth ratio of 2.01 and a beta of 0.95. The business’s 50 day moving average price is $95.36 and its two-hundred day moving average price is $89.19.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The firm had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period last year, the firm posted $0.69 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, equities research analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Institutional Trading of Starbucks

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Starbucks by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock valued at $9,634,523,000 after acquiring an additional 971,773 shares in the last quarter. Capital Research Global Investors boosted its position in Starbucks by 11.4% during the third quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock worth $7,229,968,000 after purchasing an additional 8,774,198 shares during the period. Capital World Investors grew its holdings in Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after purchasing an additional 7,007,268 shares during the last quarter. State Street Corp boosted its holdings in shares of Starbucks by 0.7% during the 4th quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock worth $4,031,053,000 after buying an additional 327,161 shares during the period. Finally, Geode Capital Management LLC grew its stake in Starbucks by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock valued at $2,212,153,000 after buying an additional 225,168 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SBUX has been the topic of a number of analyst reports. William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. Evercore reaffirmed an “outperform” rating on shares of Starbucks in a research note on Wednesday, January 28th. Mizuho lifted their target price on Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. TD Cowen reaffirmed a “hold” rating and set a $89.00 target price (up from $84.00) on shares of Starbucks in a research note on Friday, January 30th. Finally, Wolfe Research initiated coverage on Starbucks in a research note on Monday, March 9th. They set a “peer perform” rating on the stock. Fifteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $103.07.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.